Banking News

The prospect of record low savings rates continuing is forcing many savers to review how they allocate their capital in an attempt to achieve the level of returns they have previously enjoyed. Investing in the stock market inevitably involves putting your capital at risk however there is a middle ground which continues to attract increasing interest – the structured deposit. With this in mind, we take a deeper look at this savings alternative to help understand why more and more savers are starting to see their appeal. more

With the current economic environment asking savers far more questions than it gives answers, it is good to know that there are alternatives available. We take a look at one such alternative that is proving particularly popular as savers face the harsh reality that the more traditional fixed rate savings products are failing to meet their needs. more

Millions of savers are facing the harsh realisty that there is little hope of change to interest and savings rates in the coming years. However, those with Cash ISAs do have one further option to consider – the ISA transfer. We take a closer look at why this is becoming a rising trend as well as what this could mean for those looking for the potential to improve the returns from their capital. more

With so many savers joining income investors in the hunt for high yields, being able to quickly understand and compare the numerous options available has become even more important. We therefore compare two of our most popular income investments to help understand what is driving their popularity and why they might meet your income needs. more

The study also found that 14 per cent of Brits have failed to switch current accounts in the last 30 years, despite suffering uncompetitive deals.

Commenting, Andy Bayes, head of current accounts at Alliance & Leicester said: "Easy money is difficult to come by at the moment, but switching to a more competitive current account, and receiving £100 from A&L for doing do is a win-win opportunity for a lot of people who are suffering with a poor value account.

"Changing your current account is hassle free with our premier switching service so customers do not need to worry about re-directing direct debits or standing orders."